In this episode, The Annuity Man discussed: 

• Pragmatic approach to financial planning

• How annuities are primarily priced

• Four primary benefits of annuities 

• Closing the gap with annuities

 

Key Takeaways: 

• Prepare for either party leadership scenarios to ensure financial stability. Approach financial planning with a pragmatic mindset, always employing the use of research and contractual guarantees. 

• Life expectancy drives lifetime income from annuities. Annuities are commodity products, and their guarantees change based on market conditions and demand. If you are expecting interest rates to decrease or taxes to increase, then consider locking in good contractual guarantees by shopping from various carriers. 

• Here are the four primary benefits of annuities: principal protection, income for life, legacy, and long-term care. When buying annuities, ask yourself these two questions: what do you want the money to do, and when do you want the guarantees to start? 

• Your income floor consists of your Social Security, pensions, dividend stocks, and other income sources. Use annuities to fill the gap between the income floor and other sources of income.

 

"Annuities are not market products, they're not growth products, they're contractually guaranteed transfer of risk products that solve for four primary things: principal protection, income for life, legacy, long term care." —  Stan The Annuity Man. 

 

Connect with The Annuity Man: 

Website: http://theannuityman.com/ 

Email: [email protected] 

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!